16/05/2008 : BMV News - Assignable Contracts - UPDATE
16th May 2008 With Mortgage Express pulling the plug on same day bridge and re-mortgages a few weeks ago, assignable contracts looked like they were a way forward. The main downsides seemed to be: - Tax implications of taking money out of the deal - Requirements for a seperate entity/person re contract assignment. However, the following mortgage institutions have now stated that they will not deal with Assignable Contracts: - Bank of Scotland - The Mortgage Business (TMB) - Birmingham Midshires This list is likely to get bigger over the next few weeks. Will another method creep out of the woodwork to allow non 6 month tie-in BMV purchases to continue? only time will tell.

	Buy-to-let flat loses £95,000 in value
	A porperty investor who bought a flat for £175,000 last year is facing a negative equity nightmare after its value fell by almost 50%

	Prices for the super-rich soaring upwards
	With an average value of £20m per flat, how will the credit cruch effect One Hyde Park, London's most expensive apartment complex?

	Prices for the super-rich soaring upwards
	With an average value of £20m per flat, how will the credit cruch effect One Hyde Park, London's most expensive apartment complex?

	Buy-to-let flat loses £95,000 in value
	A porperty investor who bought a flat for £175,000 last year is facing a negative equity nightmare after its value fell by almost 50%

	House prices fall £11,500 in a year
	House prices are falling at their fastest rate since the depths of the early Nineties housing crash - down £11,500 in a year

	House prices fall £11,500 in a year
	House prices are falling at their fastest rate since the depths of the early Nineties housing crash - down £11,500 in a year

	Rics: First-timers shouldn't pay stamp duty
	First-time buyers should be exempt from stamp duty, housing experts claim in a plan that would see all home purchases under £1m pay less tax

	Rics: First-timers shouldn't pay stamp duty
	First-time buyers should be exempt from stamp duty, housing experts claim in a plan that would see all home purchases under £1m pay less tax

	BoE: Mortgages for homebuyers dive 64%
	Mortgages for home purchases have plummeted by 64% over the past year - hitting lower levels than during the 1990s house price crash

	Prices falling in all but two London boroughs
	The average London house is worth £11,500 less than it was a year ago, figures from house price monitor Hometrack show